On the evening of May 26, Anhui Jianghuai Automobile Group Co., Ltd. (Jac Motor, 600418) announced that its controlling shareholder, Jianghuai Automobile Group Holdings Co., Ltd. (hereinafter referred to as “Jiangqi Holding”), was planning to introduce strategic investors In the relevant work of this time, the introduction of strategic investors by Jiangqi Holding this time does not involve the change of the company’s control rights. At present, no final plan has been formed, and there are still major uncertainties in this matter.
The announcement also issued a production and operation risk warning, the company achieved a net profit of -356 million yuan attributable to shareholders of listed companies in the first quarter of 2020, from January to April 2020 A total of 126,100 vehicles and chassis were sold, down 23.62% year-on-year.
Wind data shows that since May 20, 2020, JAC ’s stock price has risen by about 40%, of which 4 trading days closed for daily limit, only 5 There was a brief correction on May 25, and the stock price fluctuated greatly in the short term.
On May 20, the stock price of JAC suddenly rushed to the upper limit and closed successively, and the deviation of the closing price increase amounted to 20%.
On May 21st, Jianghuai Automobile announced that Jiangqi Holdings is planning to introduce the relevant work of strategic investors. The change of the company’s control power has not yet formed a final plan, there is still significant uncertainty in this matter, and it will not affect the company’s current production and operation.
Subsequently, there was news in the market that the strategic investment introduced by Jiangqi Holdings was Volkswagen Group, and the share price of Jianghuai Automobile soared in the next few days.
JAC announced on May 25 that the company ’s second largest shareholder, Construction Investment Investment Co., Ltd. (hereinafter referred to as “Construction Investment”) has issued a reduction plan since 2020. Within six months after fifteen trading days from May 26, 2015, through the Shanghai Stock Exchange system, the company ’s shareholdings were reduced by no more than 2% of the company ’s total shares, or 37.866 million shares.
However, the shareholding reduction plan of the second largest shareholder failed to stop JAC’s stock price from soaring. Once it opened on May 26, JAC’s stock price once again quickly moved up and down.
The official website of JAC shows that the company is a research, production and sales of a full range of commercial vehicles, passenger cars and powertrains, with “advanced energy-saving vehicles, new energy vehicles , Intelligent Network United Auto